China's trust industry saw its assets surge 64.72% YoY to RMB 8.73 trillion (USD1.4trln) at the end of the first quarter, according to figures from the China Trustee Association. The figure reflected a 16.87% increase from the end of last year.

The trust asset realized RMB 11.07 billion in gross profit in the first quarter, 43.41% more than in the same period of 2012.

At the end of March, the industry's investment in industrial and commercial enterprises was RMB 2.27 trillion, up 27.75% YoY and accounting for 26% of the total, and that in basic industries was RMB 2.11 trillion, up 25.78% YoY.

Investment in the securities market and real estate sector was RMB 909.68 billion (10.4% of the total AUM) and RMB 770.18 billion (8.8% of the total) at the end of March.